Dial Thermometer Market - Global Industry Insights, Trends, 2018-2026
Posted: Jul 18, 2018
A dial thermometer is a complete system thermometer, which can either take readings at the point of measurement or from a distant location with the help of the desired length of capillary tubing.
Increasing demand of advanced thermometer is one of the major factors driving the growth of the market.Increasing demand for advanced thermometer is one of the factors for driving the growth of the market. At present scenario, the global as well as local manufacturers are focusing on delivering a wide range of advanced thermometers, which are highly portable, maintenance free, easy to use, and offer accurate results. A wide range of laboratory thermometers are used in different processes in a research lab or an industry. For instance, dial thermometer are mainly used for monitoring the temperature of asphalt, concrete, soil, and other materials that are tested in the laboratory. Therefore, increasing demanding of advanced thermometer in order to generate accurate results will help in boosting growth of the market.
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Increasing Utilisation of dial thermometer in the oil and refineries industries is one of major factors driving growth of the market.Increasing utilization of dial thermometer in the oil and refineries industries is one of the major driving factors for growth of the market. Increasing consumption of oil by consumers is expected to aid in growth of the number of plants of oil and refineries for manufacturing. For instance, according to the International Energy Association (IEA) analysis, demand for oil in 2015 was 95.67 mb/d (megabarrelperday) and it increased to 96.83 mb/d (megabarrelper day) in 2016, globally. These thermometers are used in plants for managing the temperature of oil while filling the oils in to containers. This is due to the fact that high temperature oil damages the container. Therefore, in order to manage and control the temperature oil during the filling, demand for these thermometers is increasing in the oil and refineries plants. This factor is expected to propel growth of the market.
High cost of dial thermometers is the one of the major restraining factor for the growth of this market.The high cost of dial thermometer is one of the major restraining factors for hampering the growth of the market. The cost of dial thermometer depends upon the substance filled in the thermometer. Hence, the industries are avoiding to utilise such thermometers as the cost of filling is very high which in turn increases the maintenance cost for the industries. Hence, this factors will directly hamper the growth of the market. Moreover, lack of awareness is also envisioned to hamper the growth of the dial thermometer market across the globe.
Global Dial Thermometer Market: Regional InsightsOn the basis of geography, the global dial thermometer market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. North America held the dominant position in the market in 2016 and is projected to retain its dominance throughout the forecast period. Increasing consumption of oil in this particular region is one of the factor that has led to high number of plants for oil manufacturing. For instance, according to the U.S. Energy Information Association’s (EIA) analysis, the U.S. total consumption of oil in 2015 was 767 metric tons, which had grown to 771 metric tons in 2016. Therefore, as number of manufacturing plants of oil and refineries increases, it will proportionally increase demand for dial thermometer.
However, Asia Pacific is expected to be the most lucrative market for dial thermometers in the near future. Some of the key driving factors for growth of this market in the region include increasing number of research and development activities, and increase number of manufacturing industries in this particular region. For instance, according to the UNESCO’s analysis, in 2017, China’s total spending on research and development activities increased by 70.9 % from 2012. Thus, increase in spending on research and development activities will proportionally increase demand for laboratory equipment. Hence, this factor will help in fuelling growth of the dial thermometer in this particular region.
Global Dial Thermometer Market: Competitive LandscapeKey players operating in the global dial thermometers market are Amarell GmbH & Co. KG, Brannan & Sons, Camlab, Carolina Biological Supply Company, OMEGA Engineering, Inc., PhysitempInstruments, Inc., Streck, Inc., Lab Depot, Inc. Thermo Fisher Scientific, Inc., and ThermoProbe, Inc.
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